On Tuesday, Shares of Akamai Technologies, Inc. (NASDAQ:AKAM), dropped -1.26% to $76.07, hitting its highest level.
Akamai Technologies, stated financial results for the first quarter ended March 31, 2015. Revenue for the first quarter of 2015 was $527 million, a 16% enhance over first quarter 2014 revenue of $454 million and a 20% enhance when adjusted for foreign exchange.
GAAP net income for the first quarter of 2015 was $78 million, or $0.43 per diluted share, a decrease from the preceding quarter’s GAAP net income of $97 million, and a 7% enhance over first quarter 2014 GAAP net income of $73 million, or $0.40 per diluted share.
Non-GAAP net income for the first quarter of 2015 was $111 million, or $0.61 per diluted share, a decrease from the preceding quarter’s non-GAAP net income of $127 million, and a 6% enhance over first quarter 2014 non-GAAP net income of $105 million, or $0.58 per diluted share.
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing online content and business applications in the United States and internationally.
Shares of Tractor Supply Company (NASDAQ:TSCO), declined -1.16% to $89.60, during its last trading session.
Tractor Supply Company, declared financial results for its first quarter ended March 28, 2015.
First Quarter Results
Net sales raised 12.5% to $1.33 billion from $1.18 billion in the preceding year’s first quarter. Comparable store sales raised 5.7% as compared to a 2.2% enhance in the preceding year period. The enhance in comparable store sales was broad based and driven by enhances in both traffic and ticket. Comparable store transaction count raised 4.8% and average ticket raised 0.8%. The comparable store sales enhance benefited from a solid performance in consumable, usable and edible (C.U.E.) products, counting pet and heating consumables, while hardline products such as fencing, truck accessories and tools also performed well. These enhances were partially offset by deflation.
Gross profit raised 12.2% to $444.6 million from $396.2 million in the preceding year’s first quarter. As a percent of sales, gross margin reduced 10 basis points to 33.4%. The slight decline in gross margin rate resulted primarily from raised clearance merchandise activity due to our higher in-stock position at the starting of the quarter, the timing of new store vendor support and slightly higher shrink. Transportation costs had a favorable impact on gross margin as lower fuel costs more than offset the raised stem miles caused by our western store expansion.
Net income raised 18.9% to $58.0 million from $48.8 million and diluted earnings per share raised 20.0% to $0.42 from $0.35 in the first quarter of the preceding year.
The Company opened 41 new stores and closed one store in the first quarter of 2015 contrast to 32 new store openings and no store closures in the preceding year’s first quarter.
Tractor Supply Company operates rural lifestyle retail stores in the United States. It offers a selection of merchandise, counting equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
At the end of Tuesday’s trade, Shares of Activision Blizzard, Inc. (NASDAQ:ATVI), dwindled -1.05% to $23.47.
Call of Duty®: Black Ops III will arrive Friday, November 6, to take fans on a journey to the dark, twisted and gritty world of Black Ops with a true next-generation experience that redefines Call of Duty. Published by Activision Publishing, Inc., a wholly owned partner of Activision Blizzard (NASDAQ:ATVI), and developed by award-winning developer Treyarch, Call of Duty: Black Ops III delivers a campaign that can be played as a full single player game or co-op online with up to four players, the deepest, most rewarding multiplayer ever offered in Call of Duty, and, a mind-blowing Call of Duty Zombies experience that, for the first time, features its own XP progression system. Call of Duty: Black Ops III is in development for Xbox One, the all-in-one games and entertainment system from Microsoft; PlayStation® 4 computer entertainment system; and PC.
Activision and Treyarch also declared for the first time on Call of Duty next gen — a multiplayer Beta for Call of Duty: Black Ops III. Fans who pre-order the game now on Xbox One, PlayStation 4 or PC will get access to the Beta, details for which will be declared at a later date.
Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide. The company develops and publishes interactive entertainment software products through retail channels or digital downloads; and downloadable content to a range of gamers.
Finally, Array BioPharma, Inc. (NASDAQ:ARRY), ended its last trade with -1.04% loss, and closed at $6.66.
Array BioPharma, will report financial results for the third quarter of fiscal 2015 and hold a conference call to talk about those results on Monday, May 4, 2015. Ron Squarer, Chief Executive Officer will lead the call.
Array BioPharma Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of small molecule drugs to treat patients with cancer in North America, Europe, and the Asia Pacific.
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